Report
Tancrede Fulop
EUR 101.80 For Business Accounts Only

Best Idea Veolia Publishes Nine-Month Results In Line With Expectations and Confirms Its Targets

Veolia published nine-month results strictly in line with consensus expectations and roughly in line with our full-year expectations. Organic growth in revenue came in at 3.1%, in line with the first half. This reflects the sustainability of the resumption in organic growth after disappointing performance in 2016. As expected, EBITDA growth accelerated in the third quarter due to easier comps. It increased by 3.2% organically after tepid 0.4% growth in the first semester. Recurring net income gr...
Underlying
Veolia Environnement SA

Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tancrede Fulop

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